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HomeCrypto NewsMarketBinance Adds Terra Classic USD (USTC) As New Borrowable Asset on Cross And Isolated Margin

Binance Adds Terra Classic USD (USTC) As New Borrowable Asset on Cross And Isolated Margin


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Binance support for Terra classic tokens is increasing day by day.

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The world’s top exchange is in no mood to leave Terra’s classic community behind or alone. The exchange is taking every step possible to boost Terra Luna classic (LUNC) and terra classic USD (USTC) utility.

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In the most recent announcement, the exchange confirms the addition of USTC as a new borrowable asset on Cross Margin and Isolated Margin.

Both Cross Margin and Isolated Margin Pair for USTC are against BUSD.

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As reported by The Crypto Basic, Binance became the first exchange for adding LUNC burns on all trading fees. Recent calculations from Terra rebels show that the Binance Tax Burn Approach May Result in Burns of More Than 1.2% of the Proposed Rate.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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